Asia Gaming eBrief: CLSA forecasts just 0.3% Macau September GGR growth

Good morning. A low bar does not always produce a big jump. Despite a favorable comparison with last September’s typhoon-disrupted month, CLSA sees Macau GGR growing only 0.3 percent to $2.27 billion, against a consensus of 9.5 percent. Seaport sits at the other end of the range with a 10 percent growth forecast, though it also found August’s post-World Cup recovery underwhelming. In South Korea, Jeju Dream Tower had a different conversion problem: table drop hit a record in August, yet weaker hold sent casino sales 10.4 percent lower month-on-month.

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What you need to know

• CLSA expects Macau September GGR to edge up 0.3 percent, while Seaport forecasts stronger growth of 10 percent.
• Jeju Dream Tower set a table drop record in August, but lower hold pulled casino sales down 10.4 percent MoM.

On the radar

• PH bill seeks nationwide ban on public advertising of online gambling.
• Macau August GGR slips 1.2% year-on-year to $2.71B.
• Las Vegas Sands unit raises Sands China holding to 75.01%.
• Grant Bowie, Brooke Lindsay take up The Star board roles after approvals.
• SkyCity completes $44M sale of Auckland properties.

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AGB Intelligence

MACAU

Macau casino GGR forecast to rise only 0.3% in September: CLSA

Macau’s September GGR could rise only 0.3 percent year-on-year to $2.27 billion, according to CLSA, significantly below the market consensus of 9.5 percent. The cautious outlook follows a weaker-than-expected August finish, when GGR declined 1.2 percent to $2.72 billion. Seaport Research expects a stronger September result, forecasting 10 percent growth to $2.49 billion, although it also said the post-World Cup recovery had failed to produce a clear release of pent-up demand.

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Industry Updates

• Continent 8 and Nutanix extend collaboration for iGaming cloud solutions.
• Zitro brings “Serious About Fun” campaign to G2E Las Vegas 2026.
• Spectrum celebrates Holly Gagnon’s induction to the 2026 AGA Hall of Fame.

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